Janney Montgomery Scott LLC Trims Stock Holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Janney Montgomery Scott LLC decreased its position in DICK’S Sporting Goods, Inc. (NYSE:DKSGet Rating) by 10.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,563 shares of the sporting goods retailer’s stock after selling 773 shares during the period. Janney Montgomery Scott LLC’s holdings in DICK’S Sporting Goods were worth $687,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DKS. Symmetry Partners LLC grew its position in DICK’S Sporting Goods by 1.1% during the 3rd quarter. Symmetry Partners LLC now owns 8,648 shares of the sporting goods retailer’s stock worth $905,000 after purchasing an additional 92 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA grew its position in DICK’S Sporting Goods by 0.5% during the 3rd quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 23,629 shares of the sporting goods retailer’s stock worth $2,473,000 after purchasing an additional 106 shares during the period. Hennion & Walsh Asset Management Inc. grew its position in DICK’S Sporting Goods by 1.6% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 7,246 shares of the sporting goods retailer’s stock worth $546,000 after purchasing an additional 113 shares during the period. National Bank of Canada FI grew its position in DICK’S Sporting Goods by 4.7% during the 2nd quarter. National Bank of Canada FI now owns 3,361 shares of the sporting goods retailer’s stock worth $257,000 after purchasing an additional 150 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its position in DICK’S Sporting Goods by 2.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,463 shares of the sporting goods retailer’s stock worth $413,000 after purchasing an additional 154 shares during the period. Hedge funds and other institutional investors own 75.08% of the company’s stock.

Insiders Place Their Bets

In other news, SVP John Edward Hayes III sold 1,000 shares of DICK’S Sporting Goods stock in a transaction that occurred on Friday, December 9th. The shares were sold at an average price of $120.57, for a total transaction of $120,570.00. Following the sale, the senior vice president now owns 26,231 shares of the company’s stock, valued at approximately $3,162,671.67. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, SVP John Edward Hayes III sold 1,000 shares of DICK’S Sporting Goods stock in a transaction that occurred on Friday, December 9th. The shares were sold at an average price of $120.57, for a total transaction of $120,570.00. Following the sale, the senior vice president now owns 26,231 shares of the company’s stock, valued at approximately $3,162,671.67. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Julie Lodge-Jarrett sold 9,139 shares of DICK’S Sporting Goods stock in a transaction that occurred on Wednesday, November 23rd. The shares were sold at an average price of $118.00, for a total transaction of $1,078,402.00. Following the sale, the senior vice president now directly owns 41,048 shares in the company, valued at approximately $4,843,664. The disclosure for this sale can be found here. Insiders have sold 39,283 shares of company stock valued at $4,475,632 in the last ninety days. 32.83% of the stock is currently owned by corporate insiders.

DICK’S Sporting Goods Trading Up 2.3 %

DKS opened at $123.05 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.81 and a quick ratio of 0.59. The company’s 50 day simple moving average is $117.76 and its two-hundred day simple moving average is $109.40. DICK’S Sporting Goods, Inc. has a 1-year low of $63.45 and a 1-year high of $131.12. The firm has a market capitalization of $9.75 billion, a price-to-earnings ratio of 10.86, a price-to-earnings-growth ratio of 2.15 and a beta of 1.40.

DICK’S Sporting Goods (NYSE:DKSGet Rating) last released its earnings results on Tuesday, November 22nd. The sporting goods retailer reported $2.60 earnings per share for the quarter, topping analysts’ consensus estimates of $2.24 by $0.36. DICK’S Sporting Goods had a net margin of 9.52% and a return on equity of 52.43%. The business had revenue of $2.96 billion for the quarter, compared to analyst estimates of $2.70 billion. Analysts expect that DICK’S Sporting Goods, Inc. will post 11.94 EPS for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 30th. Shareholders of record on Friday, December 9th were paid a $0.488 dividend. This represents a $1.95 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date of this dividend was Thursday, December 8th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is 17.21%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on DKS shares. Morgan Stanley increased their price target on DICK’S Sporting Goods from $135.00 to $165.00 and gave the stock an “overweight” rating in a research report on Monday, January 9th. Robert W. Baird raised their target price on DICK’S Sporting Goods from $115.00 to $120.00 in a research report on Tuesday, November 22nd. Wedbush raised their target price on DICK’S Sporting Goods from $130.00 to $140.00 and gave the company an “outperform” rating in a research report on Wednesday, November 23rd. Stifel Nicolaus raised their target price on DICK’S Sporting Goods from $100.00 to $112.00 in a research report on Wednesday, November 23rd. Finally, Oppenheimer upgraded DICK’S Sporting Goods from a “market perform” rating to an “outperform” rating and set a $138.00 target price on the stock in a research report on Thursday, October 20th. Five investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $138.95.

About DICK’S Sporting Goods

(Get Rating)

Dick’s Sporting Goods, Inc engages in the retail of an extensive assortment of authentic sports equipment, apparel, footwear, and accessories through a blend of associates, in-store services, and unique specialty shop-in-shops. The company was founded by Richard T. Stack in 1948 and is headquartered in Coraopolis, PA.

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Institutional Ownership by Quarter for DICK'S Sporting Goods (NYSE:DKS)

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